The Japanese tech giant Toshiba will no longer manufacture laptops after more than three decades, the company announced.
On August 4, Toshiba transferred its last outstanding stake in Dynabook Inc., its laptop arm, to Sharp, another Japanese electronics company.
After financial instability, Sharp bought 80% of Dynabook for $ 36 million in 2018. With this final transfer of the last 19.9% of Dynabook shares, "According to a statement by Toshiba, Dynabook has become a wholly-owned subsidiary of Sharp".
Toshiba has always been a solid competitor in the personal computing race. Toshiba launched its first 8-pound laptop in 1985 and was one of the largest PC manufacturers in the early 2000s. Continuous innovation in competition, however, put Toshiba's laptop creation at risk as financial instability and low sales pushed the company closer and closer to the red. After losing $ 318 million in 2015, Toshiba switched to an emphasis on business hardware and left the consumer market behind.
The purchase was part of Sharp's rights under the 2018 agreement that renamed Toshiba's PC business to Dynabook Inc.
When 2017 figures reported hardware sales of less than 1.9 million units, Toshiba sold its personal computing arm to Sharp. With the company's 80.1 percent stake in Toshiba's laptop maker, Sharp was also given the option to acquire the remaining shares of Toshiba, which it held in June 2020.
While this is just the end of the laptop making business, Toshiba's TV unit goes on.